Mining News: Northern Neighbors: Goldstrike raises $1M for 2015

Goldstrike Resources Ltd. Feb. 17 reported the closing of a C$1 million non-brokered private placement. The net proceeds from the financing will be used to fund 2015 exploration program at the company’s Yukon mineral properties, including follow-up drilling at the Plateau gold project, and for general working capital. On closing, Goldstrike issued 14.92 million non-flow-through units and 5.08 flow-through units, all of which were priced at C5 cents. Each non-flow-through unit includes one common share and one warrant exercisable to purchase one additional share at C6 cents for five years. Each flow-through unit includes one flow-through share and one-half of a warrant exercisable to purchase one additional non-flow-through share at C10 cents for two years.